The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1887-11-25


itures $50, 449, O41, and the surplus rev.
enues So, Oh, 800. There was an increase
in every item Of revenue the largest
being in the receipts from customs
The largest increase in the expenditures
was on account of Indians and pensions,
and the largest decrease on account of in
terest of the public debt The receipts of
the Post Office Department amounted to
S54, 752, 347, and the expenditures to $o5,-
5S3, $50. The revenues, exclusive of de-
iclenoy appropriations, increased SIS, 5O0,-
400, and the expenditures. So, 9O4, 249.
The amount drawn from the Treasury
to make good the deficiencies in
the postal revenue was $500, 1873, as
against SIS, IA, 400 in 1886.
The operations of the year involved the
redemption of 1927, oil, $50 in United
States bonds, of which S47 ,SS4, 300 was on
account of the sinking fund, the issue OF
nearly 600, 600 drafts and checks, the re-
demption of upwards of S193, 100000 in
United States paper currency and National
bank notes, and the handling of 1902, O00,-
600 in United States bonds deposited or
withdrawn by National banks.
Statements of the assets and liabilities of
the Treasury are given for the close of the
fiscal year and for September 80 and Octo-
Der 81, 1887 in comparison with the same
days last year. The total assets at the end
of this period, exclusive of certificates and
other obligations held as cash, were $780,
100, go, and the total liabilities 1862, 49,
26O.
The statement of United States notes
outstanding show that between June SO,
1854, and September so, 1887, the circula-
ton of one and two dollar notes ran down
from SOL 500, 900 to S15, 400, 600 This de-
crease has been made up by changes In other
denominations, the volume of fives, tens
and twenties increasing about $43, 000-
600 The shipments of legal tenders and
silver certificates of small denominations,
together with the increase in the circula-
ton of silver coins, during the fifteen
months ended September 80, amounted to
upwards of $149, 600, 900, while in addition
several million dollars in small gold coins
have been drawn into circulation.
Under the provisions of the act of June 8,
1872, certificates of deposit amounting to
1874, 600, 600 were issued during the fiscal
year for United States notes lodged in the
Treasury. The redemptions i'll the
same period were $43,990,000 There
remained outstanding June 80 only
$9, 100000, which is the least
amount shown at the end of any fiscal year
since the issue began. The Treasurer at
tributes the limited use of these certificates
at this time to the change in bank reserves
from notes to coin, and the demand for cur
rency caused by business activity.
There were no gold certificates issued dur
ing the year The redemption amounted
to SO, 6S7, 42S. Of the total of 81, 173, 1874, =
$50 issued from November, 1865, there
were outstanding at the close Of the year
1871, 4S6, S17, of which $50, 261, $50 were
in the Treasury and $91, 225, 437 in circu-
lation. The holdings of the Treasury de-
creased nearly $25,000,000 in the
year. The amount outstanding October 81
was 1872, 2,931, of which the Treasury
held $50, S55, 1913.
The silver certificates outstanding at the
close of the fiscal year amounted to $145,-
543, $50, an increase of nearly $50, 900, 900
in twelve months. The amount in the
Treasury fell off in the same period from
nearly 1913, 900, 900 to So, 425, IA, while
the increase in the actual circulation
was little more than $54, 100000 This
increase is due in part to the demand
for small notes arising from the discontinue
ance of the issue of legal tender ones and
twos. There were put out during the year
$14, 1856, 900 in one dollar certificates, S.
976, 900 in twos and 81, 100, 900 in fives
The Treasurer believes that nearly all of
the trade dollars have been redeemed
The coinage of standard silver dollars for
the fiscal year was 1913, PIG, S31, an increase
of So, 377, 1926 over 1886 On October 81
the Treasury held 1914, 175, 532 and there
were S62, $40, 625 in circulation
Between June 80, 1856, and October 81 i,
1887, the fractional silver coin in the Treas
ury decreased from $29, 904, 618 to 1874,
46S, 135 and the minor coin from 1877, =
814 to Sol 400 The one and five cent
pieces on hand are not more than suti ient
for payments over the counter
The Treasurer calls attention to the rapid
decrease in the redemptions of fractional
currency, and shows by comparison with
other paper issues that n larger amount
than has been estimated has probably been
lost or destroyed. The amount outstand-
ing June 80 as shown by the books, was
$15, 1922, 902, while the redemptions for
the year were only So, 1913.
The Treasurer renews the recommended
tions of his predecessors that all of the
postal revenues be deposited in the Treas
ury and be disbursed on the warrants Of the
Secretary, and that the payment Of Speak
er's certificates of salaries and mileage Of
members of Congress be devolved upon a
disbursing officer.
Between The end Of the fiscal year and
October 81 the number of depository banks
was increased from 200 to 800 At the
latter date the Treasury he'd bonds of the
market value of $41, O48, 1876, to secure :31 =
767, AIS of public mon Us on deposit with
these institutions, an increase OF over
$9,000000 in the market value Of
bonds held, and of little more than
So, 600, 900 in money secured for the
period The receipts Of public funds by the
banks during the year were $12s 1872, 769,
making the aggregate from he beginning
of the system little short of 81 800, coo.
There was a decrease of $84, COS, 100 dur
ing the year in bonds he'd to secure tie
circulation of National bSrhs. leaving on
deposit 1871. 966, 700, against which there
was outstanding $166, 625653 in National
bank notes